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QuadrigaCX, one of Canada’s leading cryptocurrency exchanges, last week filed for creditor protection saying it was unable to retrieve almost $200m worth of deposits belonging to clients because its CEO Gerald Cotten, the only one able to do so, had unexpectedly died.
The National’s Assistant Editor in Chief Mustafa Alrawi and Chris Nelson discuss the issue, which has all the makings of a mystery novel.
In addition, this week marks earnings season and so far things are looking good both here and across much of the region.
The latest mega-merger in the UAE’s financial sector, which sees the coming together of Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank, is also making headlines. |
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